Agero to Divest its Connected Vehicle Services Division to
SiriusXM Radio Inc.

MEDFORD, MA--Aug. 15, 2013: Agero, Inc. announced today that it has
entered into a definitive agreement under which SiriusXM Radio Inc. will
acquire Agero, Inc.'s connected vehicle services division.

The connected vehicle division of Agero is a leading provider of
innovative telematics services for automakers.

"As the automotive telematics industry has evolved, connected vehicle
services have become increasingly focused on integration and infotainment,
and we believe that SiriusXM is perfectly positioned to take these
capabilities forward in this changing market," said Dave Ferrick, CEO of
Agero. "While telematics has been an important and growing part of our
business, this divestiture allows us to focus our resources in our roadside
vehicle assistance, claims management and information services which will
allow us to best serve our clients and their customers in a fast-changing
marketplace. I would particularly like to thank the dedicated associates of
our connected vehicle division for their remarkable contributions during
our ownership of the business. On behalf of the shareholders and the senior
executive team, we wish them, together with SiriusXM, much success as they
move forward in this exciting industry."

Agero currently works with 70% of the top automotive manufacturers in
the US and 8 of the top 10 automotive insurance carriers. With this
divestiture, the company will continue to accelerate the development and
delivery of new services to enhance its leadership position in roadside
assistance, consumer affairs, claims management and related new
services.

The transaction is subject to the expiration or early termination of the
Hart-Scott-Rodino antitrust waiting period and other customary closing
conditions, and is expected to close in the fourth quarter of 2013. Agero
is being advised in the transaction by TAP Advisors.